Renaissance Technologies LLC Acquires 29,900 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Renaissance Technologies LLC raised its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,300 shares of the company's stock after purchasing an additional 29,900 shares during the quarter. Renaissance Technologies LLC owned 0.47% of International Money Express worth $3,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock valued at $240,000 after acquiring an additional 2,182 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in International Money Express during the fourth quarter valued at $292,000. Wells Fargo & Company MN grew its holdings in International Money Express by 51.0% during the fourth quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock valued at $312,000 after purchasing an additional 5,050 shares during the period. Proficio Capital Partners LLC bought a new position in International Money Express during the fourth quarter valued at $332,000. Finally, Intech Investment Management LLC bought a new position in International Money Express during the fourth quarter valued at $339,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Stock Performance

International Money Express stock traded down $0.02 during midday trading on Tuesday, reaching $12.43. 9,689 shares of the company traded hands, compared to its average volume of 276,607. The firm has a market capitalization of $380.85 million, a price-to-earnings ratio of 6.93 and a beta of 1.01. The business has a 50 day moving average of $13.41 and a two-hundred day moving average of $17.61. International Money Express, Inc. has a 12 month low of $11.27 and a 12 month high of $22.38. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Monness Crespi & Hardt cut International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. UBS Group cut their target price on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of International Money Express in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, International Money Express has a consensus rating of "Hold" and a consensus target price of $24.50.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.